Materials by tag Energy

Aug 21, 2019 at 10:36
Elon Musk Relaunches Solar Power Service in USA. Will It Boost Bitcoin Mining?
Popular technology entrepreneur Elon Reeve Musk has rerolled out Tesla’s residential solar-power service, a new step for electricity users. Tesla is now planning to initiate its solar-panel business by allowing clients rent their rooftop systems instead of purchasing them.
Aug 18, 2019 at 10:41
Blockchain to Solve the Trust Issue in Energy Systems
It is believed that its innovation that has changed the world so far, and that is why new technological products continue to emerge onto the market with each day that passes. Now, the University of Waterloo, Canada, has successfully conducted an integration of distributed ledger tech (DLT) into energy systems, an initiative which may lead to the extended charging setup for electric vehicles (EVs).
Jul 22, 2019 at 12:00
Oil and Gas Giant Shell Jumps to Public Blockchains
The British-Dutch oil and gas company Shell becomes the latest big-name entry into the Blockchain space. The company has announced its plans to leverage blockchain technology to tap into the new markets within the Energy Web Foundation (EWF), an enterprise-grade blockchain platform.
Jun 16, 2019 at 10:47
Bitcoin Mining Consumes 1% of Global Energy, Report Reveals
The US Senate committee on Energy and Natural Resources issued a document stating that mining consumes about 1% of global energy. On public blockchains, mining embroils the computation of a massive amount of mathematical calculations known as hashes. On a normal day, Bitcoin miners collectively compute over 50 billion gigahashes per second.
Mar 17, 2019 at 16:53
Solar Energy to Reduce Mining Cost and Impact on Environment
There have been many debates around bitcoin’s energy consumption rates and its negative influence on the environment. Sustainable systems such as solar energy can solve the problem by introducing ecologically clean energy for mining. Besides, it is much cheaper than traditional sources.
Mar 08, 2019 at 13:27
Blockchain Solutions for Energy to Save Italy from Blackouts
The XIX Annual Workshop organized by Agici and Accenture has revealed that in 2030 Italy risks to experience prolonged blackouts due to the increased demand in renewable sources of energy. The electrification process may bring suffering to the Italian energy system, consuming up to 1700 hours a year. The use of blockchain and digital technologies seems to save the situation if applied in time.
Feb 21, 2019 at 09:53
5% of Italian Companies Use Blockchain Tech in Energy Sector
Italy has a great number of successful blockchain projects related to efficient energy management, notably in smart cities such as Bologna, Milan, and Venice. However, only 5% of the ventures involved in the energy sector take advantage of digital technologies and fintech.
Jan 19, 2019 at 13:23
Spain: Iberdrola Uses Blockchain Technology in Renewable Energy Sector
Iberdrola - the Spanish public multinational electric utility major, has accomplished a project which will largely chip into speeding up the decarbonisation process by using blockchain to ensure that the energy supplied to the user is 100 percent renewable. The first test to ensure the renewable source of the energy supplied was carried out with the financial entity Kutxabank, who were able to trace the actual time that it takes a process to occur, and the source of the power supplied by Iberdrola from the generation point up to the place of consumption.
Aug 23, 2018 at 12:47
Energy Researcher: Bitcoin Energy Crisis is a Red Herring, BTC Not a 'Bad Guy'
The amount of power consumed by Bitcoin mining isn't the world environmental crisis it is usually made out to be. This is according to the professional assessment carried out by Katrina Kelly-Pitou, who is a research associate in computer and electrical engineering at the University of Pittsburgh.
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